Read this tip to make your life smarter, better, faster and wiser. LifeTips is the place to go when you need to know about Definitions of Loan Jargon and other Personal Loans topics.

What is closed end credit?

Closed End Credit

Closed end credit refers to a loan that does
not have a draw feature that allows the lender
to advance additional funds on your loan.

Comments

Nobody has commented on this tip yet. Be the first.

Ask a Question

Not finding the advice and tips you need on this Personal Loans Tip Site? Request a Tip Now!

Guru Spotlight

PJ Campbell

Ever wonder how you could make your life better and more fun? So have tens of millions of fans who have turned to LifeTips for answers over the past decade. We keep the tips, advice, books, podcasts and writing services flowing, so you can keep your life and business growing in the right direction. Upward!